News
 

The cost of insuring against a catastrophic US default jumped to its  highest level in more than two years today after talks to prevent a breach of the nation’s $16.7 trillion (£10.5 trillion) debt ceiling faltered.

Trichet defends ECB independence

Jean-Claude Trichet insisted to European parliamentarians yesterday that the European Central Bank remains fully independent of national governments, despite the Bank's emergency purchase of Spanish and Italian sovereign bonds earlier this month. The ECB's President pointed out that the Bank has only bought bonds in the secondary market (rather than directly from governments) and called for all eurozone states to show "strict respect" for budgetary discipline in exchange for such market assistance.

Hermione Eyre: What use is a barcoded bottom?

There has never been a better time to be a woman, and yet in some ways, things seem to get worse all the time. Allow me to share some of the highs and lows of the past few days.

Probe into Lagarde's €400m 'sweetheart' deal for businessman

The stainless reputation of the new International Monetary Fund (IMF) chief, Christine Lagarde, is to be tested by a French court investigation.

Christine Lagarde faces court investigation over deal

A French court has decided to investigate new IMF chief Christine Lagarde's role in a $400m (£244 million) arbitration deal in favour of a controversial tycoon.

Duchess Catherine among Vanity Fair's Best Dressed

Duchess Catherine has been named one of the world's best dressed women.

A lesson in what not to wear when you're on holiday

Successful women are forever judged on their appearance. So why shouldn't men suffer the same fate, asks Harriet Walker

Search for safe havens as US budget impasse continues

Dollar falls sharply and gold touches record high as IMF chief piles on political pressure

Letters: Dangerous to dismiss mass killer as just ‘evil’

Anders Behring Breivik imagines himself to be a hero, bravely defending his people from the threat of contamination. He evidently hopes that others, with similar views, will be inspired to emulate his actions.

IMF chief warns of social unrest in Europe

The new head of the International Monetary Fund warned European leaders of the possibility of social instability as a result of the eurozone's economic problems.

Mary Ann Sieghart: Time to overturn the tyranny of porn

For a woman, it is no longer enough to be successful in your chosen field. You are expected to look gorgeous too

China gains role in top ranks of the IMF

China has secured its first top-level management post in the International Monetary Fund, in a move that recognizes Beijing's growing clout in the global economy.

IMF agress £2.6bn payout to Greece

The International Monetary Fund has approved just over €3bn (£2.6bn) to Greece in the latest instalment of a rescue package aimed at helping the country pull back from an impending debt default.

Lagarde urges Greece to take brave decisions on debt

Christine Lagarde, taking questions for the first time as managing director of the International Monetary Fund, called on Greek politicians to stick by the recently approved austerity measures, and to be "inspired by the courageous decisions made by political parties in Ireland and in Portugal" to bring their debt burdens down.

Diversity is key, says new IMF boss Christine Lagarde

The new chief of the International Monetary Fund has promised to diversify staff and make the institution more open for developing countries.

Career Services

Day In a Page

Burgundy, the River Rhone & Provence – MS Swiss Corona - seven nights from £999pp
Lake Maggiore, Orta and the Matterhorn – seven nights from £899pp
Sicily – seven nights from £939pp
Pompeii, Capri and the Bay of Naples - seven nights from £799pp
Istanbul Ephesus & Troy – six nights from £859pp
Mary Rose – two nights from £319pp
Ferguson: In the heartlands of America, a descent into madness

A descent into madness in America's heartlands

David Usborne arrived in Ferguson, Missouri to be greeted by a scene more redolent of Gaza and Afghanistan
BBC’s filming of raid at Sir Cliff’s home ‘may be result of corruption’

BBC faces corruption allegation over its Sir Cliff police raid coverage

Reporter’s relationship with police under scrutiny as DG is summoned by MPs to explain extensive live broadcast of swoop on singer’s home
Lauded therapist Harley Mille still in limbo as battle to stay in Britain drags on

Lauded therapist still in limbo as battle to stay in Britain drags on

Australian Harley Miller is as frustrated by court delays as she is with the idiosyncrasies of immigration law
Lewis Fry Richardson's weather forecasts changed the world. But could his predictions of war do the same?

Lewis Fry Richardson's weather forecasts changed the world...

But could his predictions of war do the same?
Kate Bush asks fans not to take photos at her London gigs: 'I want to have contact with the audience, not iPhones'

'I want to have contact with the audience, not iPhones'

Kate Bush asks fans not to take photos at her London gigs
Under-35s have rated gardening in their top five favourite leisure activities, but why?

Young at hort

Under-35s have rated gardening in their top five favourite leisure activities. But why are so many people are swapping sweaty clubs for leafy shrubs?
Tim Vine, winner of the Funniest Joke of the Fringe award: 'making a quip as funny as possible is an art'

Beyond a joke

Tim Vine, winner of the Funniest Joke of the Fringe award, has nigh-on 200 in his act. So how are they conceived?
The late Peter O'Toole shines in 'Katherine of Alexandria' despite illness

The late Peter O'Toole shines in 'Katherine of Alexandria' despite illness

Sadly though, the Lawrence of Arabia star is not around to lend his own critique
Wicken Fen in Cambridgeshire: The joy of camping in a wetland nature reserve and sleeping under the stars

A wild night out

Wicken Fen in Cambridgeshire offers a rare chance to camp in a wetland nature reserve
Comic Sans for Cancer exhibition: It’s the font that’s openly ridiculed for its jaunty style, but figures of fun have their fans

Comic Sans for Cancer exhibition

It’s the font that’s openly ridiculed for its jaunty style, but figures of fun have their fans
Besiktas vs Arsenal: Five things we learnt from the Champions League first-leg tie

Besiktas vs Arsenal

Five things we learnt from the Champions League first-leg tie
Rory McIlroy a smash hit on the US talk show circuit

Rory McIlroy a smash hit on the US talk show circuit

As the Northern Irishman prepares for the Barclays, he finds time to appear on TV in the States, where he’s now such a global superstar that he needs no introduction
Boy racer Max Verstappen stays relaxed over step up to Formula One

Boy racer Max Verstappen stays relaxed over step up to F1

The 16-year-old will become the sport’s youngest-ever driver when he makes his debut for Toro Rosso next season
Fear brings the enemies of Isis together at last

Fear brings the enemies of Isis together at last

But belated attempts to unite will be to no avail if the Sunni caliphate remains strong in Syria, says Patrick Cockburn
Charlie Gilmour: 'I wondered if I would end up killing myself in jail'

Charlie Gilmour: 'I wondered if I'd end up killing myself in jail'

Following last week's report on prison suicides, the former inmate asks how much progress we have made in the 50 years since the abolition of capital punishment